The Bubble 2.0 Meme Won't Die
Dvorak’s the latest to talk about bubble 2.0. I’ve been talking about this for several years now as I see many similarities to what we went through in 1999 and 2000. But I also see many differences. I’m on the fence and am simply trying to be measured and smarter about what we do this time around.
That said, I’ll say two more things:
1 – The more naysayers, the better. The market climbs a wall of worry and we rarely top out when there is a lot of negativity.
2 – Bubbles aren’t all bad. As Tom Evslin says, "nothing great has ever been accomplished without irrational exuberance".